Puda Coal, Inc. (NASDAQOTH:PUDA)
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The Company supplies metallurgical coking coal to the industrial sector in the People's Republic of China.
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The Company supplies metallurgical coking coal to the industrial sector in the People's Republic of China.
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China has slowed to 7-8% growth. "Coking coal prices will rise when china economy does take off.Since this is a value added, not a miner often confused, its product is used by the steel industry it will have pricing flexibility. China is putting nuc's in for power but nucs don't make coke for steel industry. Caveat is Chinese goverment gives this deal a big edge but may also take the deal away some day. For now market is running against it but this looks like a classic buffet buy (low) with good value. 50 million in cash, no debt, the mob (china government making offers to miners to sell out to Puda (and 27 other consolidators). This is looking like a double and hot stock in 24-36 months when the chinese economy gets hot again. Buy on dips to get your position, watch the chinese economic news and build while the world is panicky. Good Luck fools!